News

Vuzix to Launch M300 Next Generation Smart Glasses Pre-Order Program on February 1st

Program includes special M100 to M300 Migration Package

ROCHESTER, N.Y., Jan. 12, 2016 -- Vuzix® Corporation (NASDAQ: VUZI),
("Vuzix" or, the "Company"), a leading supplier of video eyewear and
smart glasses products in the consumer, enterprise and entertainment
markets, is pleased to announce that on February 1st, 2016,
the Company will begin to take pre-orders for the new Vuzix M300 Smart
Glasses, scheduled to start shipping commercially in Summer 2016. The
new M300 represents the next evolution of Vuzix Smart Glasses design,
born from real world user feedback and industry requirements culminating
from over two years productive use of Vuzix' M100 Smart Glasses
predecessor. The technological advances and ergonomic flexibility of the
new M300 have evolved to meet the needs of the enterprise client, and
will foster large scale adoption in a wide variety of industrial
applications. Further product details and a comparison video are
available at Vuzix M300 Smart Glasses.

Clients will be able to purchase
an M100/M300 Migration Package on the Vuzix website or directly through
their Vuzix Account Manager for an effectively discounted price, subject
to product availability. Clients who have pre-ordered will receive a
new M100 immediately and then upon commercial shipment of the M300 in
Summer 2016, will be able to exchange their M100 for the M300 at no
additional cost. Clients who desire to keep the original M100 upon
receipt of the M300 will be given the option to do so at a nominal
additional cost.

"By taking advantage of this
offer, enterprise users will be able to start earning ROI immediately
with the M100, and maintain their competitive advantage over rival
companies who delay," said Paul Travers,
President and Chief Executive Officer of Vuzix. "Those who roll-out the
M100 into production now will be able to optimize work flows, gain user
acclimation and capture unanticipated gains. Then, without losing any
of the current benefits of the Vuzix Smart Glasses, they will be able to
add or transition to the M300, with all of its ergonomic and
performance upgrades for the long term."

To aid in a seamless integration
of the M300 into new client systems, as well as those currently deployed
with M100s, Vuzix' certified software application partners will be
invited to receive beta M300s and associated SDK (software development
kit) to ensure that their software platforms will support both the M100
and M300 concurrently.

"The new Vuzix M300 is not a
departure from the M100 product, but rather a migration with
significantly improved ergonomics and technical features, such as hot
swappable batteries, Intel Atom processor running Android 6.0, and much
more, all in a ruggedized form designed specifically for industrial
use," Mr. Travers continued. "Our strategy is to ensure that once the
M300s arrive in production volumes, our software application partners
are ready to integrate them seamlessly into our clients' systems without
delay."

Pricing and associated commercial details will be available on the Vuzix website beginning Feb 1,
2016. For those clients who miss the M100/M300 Migration Package, or
prefer to order only the M300, a separate Pre-Order program will be
available. Pre-Orders will receive second shipment priority to the
M100/M300 Migration Package clients when the M300s begin shipping in
Summer 2016. Note that to support current and future M100 deployments,
the commercially successful Vuzix M100 Smart Glasses will continue to be
stocked and immediately deliverable beyond the release of the M300.

About Vuzix Corporation

Vuzix is a leading supplier of
Video Eyewear and Smart Glasses products in the consumer, commercial and
entertainment markets. The Company's products include personal display
and wearable computing devices that offer users a portable high quality
viewing experience, provide solutions for mobility, wearable displays
and virtual and augmented reality. Vuzix holds 42 patents and 15
additional patents pending and numerous IP licenses in the Video Eyewear
field. The Company has won Consumer Electronics Show (or CES) awards
for innovation for the years 2005 to 2015 and several wireless
technology innovation awards among others. Founded in 1997, Vuzix is a
public company (VUZI) with offices in Greater Rochester, NY, Oxford, UK and Tokyo, Japan.

Forward-Looking Statements Disclaimer

Certain statements contained in
this news release are "forward-looking statements" within the meaning of
the Securities Litigation Reform Act of 1995 and applicable Canadian
securities laws. Forward looking statements contained in this release
relate to the new M300 Smart Glasses and its commercial production
availability, among other things, and the Company's leadership in the
Video Eyewear, VR and AR display industry. They are generally identified
by words such as "believes," "may," "expects," "anticipates," "should"
and similar expressions. Readers should not place undue reliance on such
forward-looking statements, which are based upon the Company's beliefs
and assumptions as of the date of this release. The Company's actual
results could differ materially due to risk factors and other items
described in more detail in the "Risk Factors" section of the Company's
Annual Reports and MD&A filed with the United States Securities and
Exchange Commission and applicable Canadian securities regulators
(copies of which may be obtained at www.sedar.com or www.sec.gov
). Subsequent events and developments may cause these forward-looking
statements to change. The Company specifically disclaims any obligation
or intention to update or revise these forward-looking statements as a
result of changed events or circumstances that occur after the date of
this release, except as required by applicable law.

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